[This Case Study accompanies the series of 4 articles published around the same time under the Aged Care Strategies category in this Blog site. It links directly from Article 4 but should be considered in the context of all 4 articles. [NOTE: this article has been identified as requiring updating as at 02.03.2013] Margaret has been assessed by ACAT as requiring low level care (hostel). She owns her home which is valued at $550,000. She also has $200,000 in the [...]
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Aged Care: A Case Study – deciding on best option to fund Accommodation Bond for aged care facility
Aged Care: A Case Study – deciding on best option to fund Accommodation Bond for aged care facility
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Aged Care facilities: strategies for effective funding and a successful transition…(4 of 4)
Aged Care facilities: strategies for effective funding and a successful transition…(4 of 4)
This, the final posting in this series, is provided to assist families with the decision-making process when it becomes apparent/ obvious that a senior member of the family is going to require accommodation in an aged care facility: whether that be in a ‘low level care’, ‘high level care’ or extended services facility. In this post we show some of the options to be considered in making the financial decisions necessary at what can be a challenging time. Asset assessment [...]
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Aged Care facilities: strategies for effective funding and a successful transition…(3 of 4)
Aged Care facilities: strategies for effective funding and a successful transition…(3 of 4)
This posting – as with the previous posts; and the remaining posts in this series – are provided to assist families with the decision-making process when it becomes apparent/ obvious that a senior member of the family is going to require accommodation in an aged care facility: whether that be in a ‘low level care’, ‘high level care’ or extended services facility. In this post we investigate in greater detail the rules, asset assessments and payment options that apply to [...]
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Aged Care facilities: strategies for effective funding and a successful transition…(2 of 4)
Aged Care facilities: strategies for effective funding and a successful transition…(2 of 4)
This posting – as with the previous post; and the following posts in this series – are provided to assist families with the decision-making process when it becomes apparent/ obvious that a senior member of the family is going to require accommodation in an aged care facility: whether that be in a ‘low level care’, ‘high level care’ or extended services facility. In this post we look at some strategies to ensure the most appropriate financial outcome is attained for [...]
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Aged Care facilities: strategies for effective funding and a successful transition…(1 of 4)
Aged Care facilities: strategies for effective funding and a successful transition…(1 of 4)
This posting – and the following posts in this series – are provided to assist families with the decision-making process when it becomes apparent/ obvious that a senior member of the family is going to require accommodation in an aged care facility: whether that be in a ‘low level care’, ‘high level care’ or extended services facility. Moving into an Aged Care facility can be very challenging, even confronting if timely plans have not made for unexpected changes as we [...]
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